Graybar, St. Louis, Mo., a distributor of electrical, communications and data networking products, reported sales for its fiscal 2023 first quarter were $2.7 billion, up 12.2% from the prior-year period.
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Profit for the quarter was $124.8 million, up 22.1% from the prior-year period.
“After our record performance in 2022, I am very pleased with our strong start to 2023,” said Kathleen M. Mazzarella, President and CEO of Graybar. “As we navigate changing economic conditions, we remain focused on providing exceptional customer service, investing in our business and pursuing opportunities that will strengthen our position as a leader in supply chain innovation.”
